In the latest development in the Ripple vs SEC case, Judge Analisa Torres signed a memo endorsement as parties, witnesses, and others move to withdraw and end the long-running lawsuit.

Judge Torres approved the latest request to terminate attorneys or parties in the Ripple vs SEC lawsuit, according to a filing in the court. This comes after Ripple and the US SEC’s indicative ruling motion was denied again, setting the stage for parties to settle and drop their appeals in the 2nd Circuit Court.

Notably, the approval marks the start of administrative procedure to conclude the lawsuit and docket cleanup. Investment banker declarant and their client that entered the XRP lawsuit in August 2023 to provide expert testimony and analysis as well as safeguard their stakeholders are officially removed from the court’s docket.

Ripple to Drop Cross-Appeal After SEC Filing in August

Ripple CEO Brad Garlinghouse confirmed to drop their cross-appeal in the 2nd Circuit Court. However, the firm would pay $125,035,150 in civil penalty and the injunction barred Ripple from filing for IPO for at least 4 more years, as per an SEC lawyer.

The SEC is scheduled to file a status report in the 2nd Circuit Court by August 15. Ripple will follow up to drop their cross-appeals, in line with Judge Torres’ ruling.

Former SEC lawyer Marc Fagel clarifies that it typically takes 1-2 months for the SEC to approve an enforcement recommendation. He said an SEC public statement about dropping Ripple appeal can come at any time in the next few weeks.

The SEC and Ripple will file dismissal papers with the court of appeals, which are public. (The SEC may also put out a public announcement, but because this is so unusual I can't say for sure.) But when this all happens is speculation; presumably within the next few weeks.

— Marc Fagel (@Marc_Fagel) July 22, 2025

Will XRP Price Rally to $15?

XRP price moving sideways near $3.46 after hitting an ATH last week. The 24-hour low and high are $3.43 and $3.58, respectively. Furthermore, the trading volume has decreased by 31% in the last 24 hours, indicating a decline in interest among traders.

Popular analyst Ali Martinez predicted XRP price to hit $6 and $15 next. This prediction was based on a bullish flag pattern formation in the weekly chart, with the daily chart also bullish.

Also Read: XRP Price Jumps 81%, Crypto Expert Predicts $15 Target

PayPal and Venmo unveiled global partnerships to bring the world’s largest payment systems and digital wallets on a single platform PayPal World. This is ground-breaking development simplifying the process of sending money, shopping online or in-store, and interacting with AI agents across borders.

PayPal said the launch partners initially include India’s NPCI International Payments Limited, which operates mobile payments framework UPI and China’s Tenpay Global (Tencent’s Payment arm), which operates Weixin (WeChat) payment ecosystem.

The company also signed an MOU with Latin America’s leading payment system Mercado Pago. However, while the final details of the deals are being worked out.

Your digital wallet is about to go global. Say hello to PayPal World. PayPal and @Venmo are partnering with some of the world's largest payment systems and digital wallets – starting with @mercadopago, @NPCI_Intl, and Tenpay Global – to make cross-border payments a breeze. Shop… pic.twitter.com/IYJ1fg8y2H

— PayPal (@PayPal) July 23, 2025

“PayPal World is a first-of-its-kind payments ecosystem that will bring together many of the world’s largest payment systems and digital wallets on a single platform, said Alex Chriss, CEO of PayPal. “We believe the changes we are announcing today have the potential to be a real game changer over time,” he added.

PayPal World will make cross-border payments more seamless, secure, and inclusive for nearly two billion consumers and businesses. This will also smooth payment experience for consumers facing fees, barriers, and delays during international shopping and money transfers. 

Interestingly, PayPal and Venmo will become seamlessly interoperable for the first time, enabling users to send money to each other, anywhere in the world. Venmo users can now shop both online and in-store at millions of merchants globally that accept PayPal.

PayPal World will expand compatibility with the latest technologies and commerce experiences, including over time, dynamic payment buttons and stablecoins. Cloud native, multi-region deployment architecture to ensure low latency and high availability worldwide.

Recently, PayPal expanded partnerships with crypto firms as stablecoins become a more convenient and cost-effective way to make payments. Also, it partnered with Coinbase to provide fee-free purchasing and selling of PayPal’s stablecoin PYUSD on the crypto exchange.

Also Read: PayPal’s PYUSD Stablecoin Goes onto Arbitrum Besides Ethereum, Solana

BitMEX Co-founder Arthur Hayes on Wednesday reiterated his year-end targets for Bitcoin and Ethereum. He predicted Bitcoin price could hit $250,000 and Ethereum price could reach $10,000 by the end of 2025 due to the different ways money is flowing into the crypto industry.

In a blog post on July 23, Hayes claimed that the most important variable to make profitable trades is understanding how the supply of fiat currencies changes. It becomes more significant when it comes to crypto, especially Bitcoin.

“Due to the gargantuan creation of fiat since early 2009 bidding for a relatively minuscule supply of Bitcoin, Bitcoin became the best-performing fiat-denominated asset in human history,” said Hayes.

Despite the global market being bullish, financial and political events, including tariffs and wars, have created panic among investors. However, Hayes believes these issues are interrelated and irrelevant to stopping Bitcoin from continuing to rally higher.

He added that President Donald Trump cannot implement his tariffs against China, as the United States depends upon China for rare earth supplies. Without rare earths, the U.S. cannot build weapons, and that is why both countries are in a status quo. Hayes claimed this wouldn’t impact the global financial market much.

The banking system has continued to extend credit to businesses in response to the Trump administration’s policies. Capital gains tax receipts have risen as rich people’s assets pump amid credit supply, with the government also posting increasing fiscal deficits. Stablecoin issuers are buying these debts, driving the crypto market.

The Trump administration is providing a favorable regulatory landscape for TradFi to participate and invest in crypto. It is supported by stablecoin assets under custody (AUC) that are invested in U.S. Treasury bills. The U.S. will issue more T-bills than Treasury notes or bonds to be purchased by stablecoin issuers.

Meanwhile, Bitcoin price was trading at $118,817, up nearly 2% in the last 24 hours. Whereas, the Ethereum price trades 1.25% higher at $3,730 at the time of writing.

Also Read: SharpLink Gaming (SBET) Boosts Ethereum Holdings to 360,807 ETH

SharpLink Gaming, the largest corporate holder of Ethereum, on Tuesday said it increased its total ETH holdings to 360,807 ETH worth over $1.33 billion, continuing its massive ETH accumulation spree. As a result, Ethereum co-founder Joseph Lubin-backed firm’s SBET stock price climbed 6% in pre-market trading hours.

SharpLink Gaming Buys 79,949 ETH Worth $258 Million

Nasdaq-listed SharpLink Gaming acquired 79,949 ETH worth $258 million between July 14-20, the largest purchase to date. The ETH were purchased at an average price of $3,238, according to an official announcement on July 22.

“We continue to strategically leverage our ATM facility to build our ETH treasury in pursuit of our long-term growth objectives,” said SharpLink chairman Joseph Lubin. “The continued strength of ETH and our ability to acquire significant volume at opportunistic prices support our aim to continue enhancing ETH concentration and shareholder value,” he added.

The firm still has $96.6 million on hand to buy more ETH in the coming days. Moreover, the firm also reported total staking rewards increased to 567 ETH since it launched its digital treasury strategy on June 2.

As The Crypto Times reported earlier, SharpLink gaming expanded its ETH treasury to over $1 billion after purchasing ETH worth $70 million. The firm surpassed the Ethereum Foundation in total strategic Ethereum reserve.

Stock Price and ETH Price Rebound

SBET stock price opened more than 5% higher at $26.50 on Tuesday. The stock price rallied over 156% in a month and almost 230% year-to-date, as per Yahoo Finance.

Ethereum price rebounded above $3,700 after SharpLink Gaming expanded its ETH stash to over $1.33 billion. The price currently trades nearly 3% lower at $3,702, with a 24-hour high and low of $3,624 and $3,856, respectively.

Also Read: Ethereum Block Gas Limit Raised From 36M to 45M in Latest Upgrade

Renowned Bitcoin on-chain analyst and investor Willy Woo sold all his BTC holdings and switched to other news assets associated with BTC. He claims other assets will have a higher compound annual growth rate (CAGR) than BTC amid massive corporate adoption.

All good. I sold all of mine.

— Willy Woo (@woonomic) July 21, 2025

“The next decade will be unprecedented,” said Willy Woo on July 22 as he confirmed divesting from holding BTC directly. He sees risks in BTC from quantum computing, bugs in code base revision, and market attacks.

While developers are exploring adding quantum-resistant addresses to the Bitcoin blockchain under BIP360, the quantum threat to Bitcoin is acknowledged by many, including cypherpunk Adam Back.

Willy Woo believes Bitcoin will have a CAGR of only 30% in the next decade, marginally lower than the 50-80% previously. The best asset to invest in is BTC infrastructure ventures. These startups now also hold BTC, with downside risk comparatively lower.

He cited that Coinbase’s seed round to IPO in 2012 gave 0.5x more gains than BTC, and Exodus’ seed round in 2016 did 2-3x BTC gains. From 2025 onwards, Bitcoin infrastructure firms will give higher returns than Bitcoin.

Bitcoin price fell 1% in the past 24 hours, with the price currently trading at $118,414. The intraday low and high are $116,233 and $119,671, respectively. Moreover, the trading volume has increased by 14% in the last 24 hours, indicating interest among traders.

CoinGlass data showed mixed reactions in the derivatives market. At the time of writing, the 24-hour BTC futures open interest fell 0.6% to $84.84 billion. Also, the 4-hour BTC futures OI on CME and Binance fell more than 1.98% and 0.35%, respectively.

Also Read: Elon Musk’s SpaceX Moves 1,308 BTC Worth $153 Million

Billionaire Elon Musk’s SpaceX has moved Bitcoin for the first time in three years, raising speculations in the crypto market. While motives remain unclear, Musk could be silently moving BTC in response to accumulating funds for his proposed political party, the American Party, or building an official corporate Bitcoin treasury.

On-chain analytics platform Lookonchain on July 22 revealed that a wallet address linked to SpaceX moved BTC worth $153 million after three years of dormancy. The coins were moved to the new address bc1q8k.

Arkham data revealed that the wallet sold 3,505 BTC worth $103.43 million three years ago. At the time of writing, the wallet held 6,977K BTC worth $817.89 million at the current market price.

This coincided with another 1,221 BTC worth $142.75 million being moved between unknown wallets, as per Whale Alert. These large transfers could spike volatility, especially at a time when technical analysis signals oversold conditions and ETF outflows weigh on crypto market sentiment.

🚨 🚨 🚨 🚨 🚨 🚨 1,221 #BTC (142,755,048 USD) transferred from unknown wallet to unknown new wallethttps://t.co/AZmnKcZh2G

— Whale Alert (@whale_alert) July 22, 2025

Bitcoin price fell 1% in the past 24 hours, with the price currently trading at $117,714. The intraday low and high are $116,233 and $119,671, respectively. Moreover, the trading volume has increased by 20% in the last 24 hours, indicating interest among traders.

CoinGlass data showed selling in the derivatives market in response to BTC transfer by SpaceX. At the time of writing, the 24-hour BTC futures open interest fell 0.6% to $84.84 billion. Also, the 4-hour BTC futures OI on CME and Binance fell more than 1.98% and 0.35%, respectively. This signals slightly negative sentiment among derivatives traders.

Also Read: Bitcoin, Ethereum, XRP Price Prediction: New ATH Next Week?

Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, on Monday said it has purchased 6,220 BTC for $739.8 million. With the latest purchase, the company has increased its bitcoin holdings to 607,770 BTC. Meanwhile, MSTR stock price rebounds 2% in premarket trading hours.

Michael Saylor’s Strategy Expands Bitcoin Holdings to 607,770 BTC

Strategy purchased an additional 6,220 BTC at $118,940 per Bitcoin between July 14-20, according to an official announcement on July 21. The bitcoin purchases were made using proceeds from the MSTR Class A shares, STRK, STRF, and STRD shares at-the-market (ATM) offerings.

Chairman Michael Saylor took to X to reach out to shareholders and the wider crypto community about the latest Bitcoin purchase worth $739.8 million. He revealed that the company has achieved the BTC Yield of 20.8% year-to-date.

Strategy has acquired 6,220 BTC for ~$739.8 million at ~$118,940 per bitcoin and has achieved BTC Yield of 20.8% YTD 2025. As of 7/20/2025, we hodl 607,770 $BTC acquired for ~$43.61 billion at ~$71,756 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/8z5HygrDWs

— Michael Saylor (@saylor) July 21, 2025

With the latest Bitcoin purchase, Strategy boosted its Bitcoin stash to 607,770 BTC, acquired for $43.610 billion at an average price of $71,756 per Bitcoin.

Last week, Michael Saylor’s Strategy announced a purchase of 4,225 BTC for $472.5 million at an average price of 111,827 per Bitcoin. The firm’s market cap also hit a high of $128.52 billion, largely fueled by Bitcoin’s latest price surge.

As per Saylor tracker, Michael Saylor’s Strategy has nearly $28.3 billion in unrealized gains. The company’s holdings are valued at $71.93 billion as compared to its total investment of $43.62 billion. The company is the largest corporate Bitcoin holder, continuing its position as one of the most successful Bitcoin buyers.

MSTR Stock Rebounds

At the time of writing, MSTR stock jumped nearly 2%, with the price trading near $431.95. The stock closed 6.23% lower at $423.22 on Friday. As per Yahoo Finance, the stock rallied 15% in a month and 46% year-to-date.

Investment bank TD Cowen earlier revised its price target on Strategy (MSTR) stock from $590 to $680, maintaining a buy rating on the stock.

Meanwhile, Bitcoin price continues to move mostly sideways amid demand for altcoins such as Ethereum, Solana, and XRP. The 24-hour low and high were $116,550 and $119,671, respectively. Furthermore, the trading volume increased by 40% in the last 24 hours, indicating interest among traders.

Also Read: India-Based Jetking Announces Stock Issuance to Buy More Bitcoin

Public-listed Jetking, the first company in India to adopt Bitcoin treasury strategy, on Monday said it will buy more Bitcoin and expand its Bitcoin-focused initiatives. The firm currently holds 21 BTC worth nearly $3 million.

Jetking board approved a preferential equity issue up to $1.3 million (INR 11.50 crore) to further expand its Bitcoin treasury operations on July 21. The firm will raise funds from non-promoters in compliance with SEBI’s issue of capital and disclosure requirements (ICDR) regulations.

The company will issue 4,60,000 equity shares at $2.90 (INR 250) per share to raise funds for the acquisition of Bitcoin, general corporate purposes, and education, training and skill development in Bitcoin.

Siddarth Bharwani took to X to reach out to the crypto community about the plan to further boost its Bitcoin treasury. He added that the management remains the same and the shareholding structure may adjust, with the decision subject to shareholders and regulatory approval.

Jetking board approves Preferential Equity Issue to further expand its Bitcoin Treasury Operations.

Highlights:

☑️ The funds will be raised through the issuance of equity shares on a preferential basis to Identified Non-Promoters complying with SEBI (ICDR) Regulations, 2018…

— Siddarth ₿harwani (@sidbharwani) July 21, 2025

Furthermore, the board approved the re-appointment of Avinash Bharwani as chairman and director for another three years until August 2028.

Jetking stock price hit another 2% higher to INR 244.90 on Monday. The stock has rallied 41% in a month and 101% year-to-date, as per Yahoo Finance.

In April, Jetking board approved raising ₹6.6 crore by issuing 428,622 equity shares at ₹154 each. The allocations were set for the promoter group and a few chosen investors.

Also Read: How Fed Chair Powell Speech Could Impact Bitcoin, ETH, XRP Prices?

The global market bullish sentiment drops ahead of Fed Chair Jerome Powell’s speech at the Regulatory Capital Framework Conference on Tuesday. Top crypto Bitcoin (BTC), Ethereum (ETH), and XRP advanced marginally higher amid high interest in altcoins, with the crypto market cap advancing towards $4 trillion milestone.

Fed Chair Jerome Powell reiterated a hawkish stance on monetary policy, sidelining interest rate cuts due to tariffs-induced inflationary pressure. As Trump looks for key contenders to replace Powell, the FOMC could decide to cut rates in September. As per the CME FedWatch Tool, the U.S. Federal Reserve could cut interest rates by 50 bps this year, starting in September.

Bitcoin price resumes upside move above $119,200 today. The market is dominated by bullish sentiment, but the bulls lack aggression, as per CryptoQuant data. This happened as Bitcoin dominance dropped to 59%.

Ethereum price surges above $3,800 on Asian flows, treasury demand and DeFi revival, reported Matrixport. Also, strong spot ETH ETF inflows for consecutive weeks supporting a rally in ETH price, especially amid the shift towards altcoins.

Google Search for altcoins is skyrocketing, surpassing November highs. These factors could potentially trigger ETH to hit $5,000 in the coming weeks. Analysts predicted Ethereum price to hit $10,000 as Joseph Lubin-backed SharpLink Gaming expands ETH treasury to over $1 billion.

Meanwhile, XRP price jumped 4% over the last 24 hours, with the price trading at $3.55 amid strong buying activity. GENIUS Act will boost RLUSD stablecoin adoption further, growing investor interest in XRP.

In the daily timeframe, XRP technical chart would confirm a “golden cross” pattern formation. This could push XRP price rally to $5 amid liquidity and trading volume support.

Also Read: XRP ETF Approval Odds Jump to 86% After ProShares ETF Launch

The world’s largest crypto exchange Binance appeared to turn bullish on Pepe Coin (PEPE), Pudgy Penguins (PENGU), BONK, EigenLayer (EIGEN) and etherfi (ETHFI). This unfolded as the crypto exchange confirmed removing the ‘seed tag’ from these altcoins.

The exchange applies seed tags to innovative crypto projects that may have higher volatility and risks compared to other listed altcoins. Adding seed tags offers an added warning to investors seeking to invest in these volatile tokens. It includes popular crypto such as MANTRA (OM), dogwifhat (WIF), and TRUMP.

Binance decided to remove the ‘seed tag’ from PEPE, PENGU, BONK, EIGEN, and ETHFI tokens after its latest findings in the periodic review. The exchange considers various crucial criteria, including the team’s commitment to its project and development activity, trading volume and liquidity, and community engagement and transparency.

PEPE price climbed 5% in the last 24 hours, with the price currently trading at $0.00001425. The 24-hour low and high are $0.00001347 and $0.00001456. Moreover, Binance’s announcement caused trading volume to increase by 73% in 24 hours.

BONK and PENGU prices saw a 4% jump to $0.00003397 and a 5% rise to $0.03229 after the announcement, respectively.

Meanwhile, ETHFI and EIGEN also rebounded with massive trading volumes. ETHFI price is up 3% to $1.34, whereas EIGEN price is trading 2% higher at $1.57.

Social sentiment and derivatives trading for the altcoins have already turned bullish, as per CoinGlass data. Expect an uptick in trading volumes and a broadening investor base. Traders need to watch for spikes in trading volumes to support entry into these altcoins.

Also Read: Indian Exchange CoinDCX Hacked for $44 million

BSTR Holdings to become the 4th largest public Bitcoin treasury with 30,021 BTC on its balance sheet. The company also secured the largest ever PIPE financing of $1.5 billion in combination with a Bitcoin Treasury SPAC merger with Cantor Equity Partners.

BSTR Holdings to go public in a business combination with Cantor Equity Partners I (NASDAQ: CEPO), according to an official announcement on July 17. The leading global financial services firm Cantor Fitzgerald sponsored the $4 billion Bitcoin purchase deal.

With Adam Back as CEO and Sean Bill a CIO, the company will boost Bitcoin ownership per share while accelerating real-world Bitcoin adoption. The firm will use all proceeds to acquire additional Bitcoin and to build a suite of Bitcoin-native capital market products and advisory services.

25k BTC from founders. 5,021 BTC pipe (first BTC denominate SPAC pipe). and USD raise from PIPE, convertible senior notes and convertible preferred, plus SPAC up to $200m in the press. it's the largest SPAC treasury raise by 2.1x pic.twitter.com/J8AXpyZkp6

— Adam Back (@adam3us) July 17, 2025

“By securing both fiat and Bitcoin funding on day one — including the first convertible preferred round announced in conjunction with a Bitcoin treasury SPAC merger — we are putting unprecedented firepower behind a single mission,” said Adam Back.

Currently, Michael Saylor’s Strategy is the largest corporate holder of Bitcoin, with 601,550 BTC. Adam Back’s BSTR, supported by Cantor Fitzgerald, may look to become the largest corporate Bitcoin holder, even surpassing Strategy.

BTC price rebounded after the news, with the price currently trading at $118,703. The 24-hour low and high are $117,508 and $120,065, respectively. Furthermore, the trading volume has decreased by 2% in the last 24 hours.

Also Read: Semler Scientific Overtakes GameStop in Bitcoin Holdings with 4,846 BTC

Semler Scientific, the second company to adopt Bitcoin as a treasury reserve asset, has acquired an additional 210 BTC worth $25 million. The company surpassed GameStop in total Bitcoin Holdings, to become the 14th largest corporate holder of Bitcoin.

Semler Scientific acquired 187 Bitcoin for $20 million between June 3 and 13, according to an 8K filing with the U.S. SEC on July 17. The latest BTC purchase was made at an average price of $118,974 per Bitcoin.

With the latest purchase, the company has increased its total Bitcoin holdings to 4,846 BTC. These were acquired for an aggregate of $455 million at an average purchase price of $93,890 per Bitcoin.

Semler Scientific director of Bitcoin strategy Joe Burnett took to X to reach out to the wider crypto community. He revealed a BTC yield of 30.3% year-to-date achieved by the company with its BTC acquisition strategy.

Semler Scientific has acquired 210 BTC for $25 million and has achieved BTC Yield of 30.3% YTD. Now holding 4,846 BTC. $SMLR

— Joe Burnett, MSBA (@IIICapital) July 17, 2025

Also, the firm has issued and sold 4.46 million shares of its common stock for net proceeds of nearly $175 million. This was part of the $500 million common stock sales in ATM offering program.

On June 7, Semler Scientific acquired 187 BTC for $20 million at an average price of $106,906 per coin. The firm plans to buy at least 10,000 BTC by year-end 2025, and 105,000 by 2027.

SMLR stock price closed 1.26% higher at $42.71 on Wednesday. The stock price rallied nearly 40% in a month, as per Yahoo Finance data.

BTC price fell 1% in the past 24 hours, with the price currently trading at $117,784. The 24-hour low and high are $117,508 and $120,065, respectively. Furthermore, the trading volume has decreased by 6% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Bitcoin OG Whale Moves Remaining BTC, James Wynn Opens 40X Short

SharpLink Gaming, backed by Ethereum co-founder and ConsenSys founder Joseph Lubin, continues its ETH accumulation spree after surpassing the Ethereum Foundation in total strategic Ethereum reserve. The firm acquired an additional 20,000 ETH worth $70 million in the last few hours.

SharpLink Gaming Bolsters Ethereum Treasury Holdings

Nasdaq-listed SharpLink Gaming added 10,614 ETH worth $35.62 million from Coinbase to its strategic Ethereum reserve, according to Nansen data. The firm added additional 10,854 ETH worth $34.37 million to its Ethereum holdings.

On-chain analytics platform Onchain Lens disclosed that the firm’s now hold a total of 307,362 ETH worth $1.03 billion after the latest purchases. In the past 8 days, the firm accumulated 111,609 worth $343.38 million.

On Wednesday, SharpLink Gaming acquired 6,377 ETH worth $19.56 million to surpass the Ethereum Foundation in strategic Ethereum reserve. SharpLink is acquiring, staking, and restaking ETH to help maintain the ecosystem’s health, while removing ETH from the circulating supply.

SBET stock price closed 29.03% higher at $37.38 on Wednesday as the firm continues to buy ETH. The stock price has rallied over 113% in last 5 days and almost 362% year-to-date, as per Yahoo Finance.

Ethereum Price to Hit $10,000?

Standard Chartered earlier predicted ETH price to hit $10,000 by 2025 end. Moreover, Eric Jackson, the founder and president of EMJ Capital, recently revealed Ethereum price target of $10,000 by the end of this cycle. He believes multiple factors such as spot Ethereum ETFs and corporate adoption contributes to massive upside move.

Several analysts including Scott Melker, aka The Wolf of All Streets, think ETH rally has just started. Notably, crypto analyst Miles Deutscher said “The real rotation hasn’t started.” He added “We’re still only in $ETH szn Everything that’s pumping now is just doing so because sentiment has slightly improved.”

$10,000 $ETH

With @TXWestCapital pic.twitter.com/gN3s21xsYd

— The Wolf Of All Streets (@scottmelker) July 17, 2025

Ethereum price jumped 8% in the past 24 hours, with the price currently trading at $3,427. The 24-hour low and high are $3,146 and $3,422, respectively. Furthermore, the trading volume has increased by 30% in the last 24 hours, indicating a massive interest among traders.

Also Read: Bitcoin, Ethereum Surge as Inflation Eases, Retail Investors Return

On Tuesday, a Satoshi-era OG whale had started dumping its BTC holdings to crypto exchanges. In a new update today, the OG whale has transferred the remaining 40,192 BTC to a new wallet, according to on-chain platforms. Bitcoin OG whale will likely sell these BTC to crypto exchanges, similar to the 40,000 BTC selloff to Galaxy Digital earlier this week.

On-chain analytics platform Lookonchain reported on July 16 that the whale had transferred another 40,192 BTC worth $4.77 billion to a new wallet. At the time of publishing, the wallet address ‘bc1qs4’ still holds the remaining BTC.

The whale may continue selling its remaining Bitcoin holdings to exchanges, with the crypto market adjusting accordingly. Coinbase’s Head of Product, Conor Grogan, flagged that the dormant 80,000 BTC wallet waking up after 14 years could be an indication of a hack or compromised private keys.

Moreover, high-leverage trader James Wynn closed his BTC 40x long position, making a profit of $368,120. He opened a BTC 40x short position, with a liquidation price of $120,142.

Road to a billion day 2 pic.twitter.com/VkEVLbCV62

— KING OF PERPS 🤴 (@JamesWynnReal) July 17, 2025

Other whales also flipped from long positions to short positions. This move triggered a selloff in the crypto market, causing Bitcoin price to fall below $116,000 from an ATH of $123,100.

Bitcoin price pared earlier gains and slipped nearly 2%, with the price currently trading at $118,016. The 24-hour low and high are $117,284 and $120,065, respectively. Furthermore, the trading volume has decreased by 18% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Wall Street Expert Reveals Gemini IPO Date and Underwriters

Crypto IPOs are heating up as many crypto firms plan to go public, aiming to capitalize on a more crypto-friendly regulatory environment and growing investor interest. Crypto exchange Gemini IPO could debut at the end of Q3, a Wall Street expert claimed on Wednesday.

In an X post on July 16, prominent Wall Street and crypto expert Andrew Parish revealed that Gemini IPO is the next big thing in line following the blockbuster debut of Circle Internet IPO on the NYSE. He expects the firm to release another S-1 filing and roadshow soon to disclose further details on the number of shares and price range for the proposed offering.

He disclosed that Goldman Sachs, J.P. Morgan, and Citi will serve as principal underwriters for the initial public offering of the Winklevoss twins’ crypto firm Gemini.

On June 6, Gemini confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its Class A common stock.

The firm will join several crypto firms, including Galaxy Digital and eToro, in filing to go public amid the pro-crypto regulatory environment. In addition, $33 billion AUM crypto fund manager Grayscale also filed for an initial public offering secretly with the U.S. SEC on July 14.

Circle Internet’s market cap has skyrocketed to over $42 billion, multiple times its valuation during the IPO. The stock price has rallied by over 636% in a month due to huge demand from institutional investors. Gemini and Grayscale Investments are expected to see similar demand if the SEC approves their S-1 registration.

Also Read: Bitcoin, Ethereum Surge as Inflation Eases, Retail Investors Return

The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force met with one of the world’s leading banks and financial services firms to discuss the regulation of crypto assets. The meeting happened during the highly anticipated Crypto Week, raising speculations regarding the primary agenda of the meeting.

According to a memo, three members of Deutsche Bank USA Corp. met with the regulator to talk about considering cross-border digital asset regulation and harmonizing with international regulatory frameworks.

The bank also stressed upon exploring current European and UK frameworks for digital asset regulation, such as the European Union’s Markets in Crypto-Assets (MiCA) regulation. It highlighted the latest research on digital asset markets by French economist Marion Laboure.

Deutsche Bank continues to expand deeper into the crypto industry, realizing the opportunities in the emerging class of digital assets. The bank plans to launch its crypto custody platform in 2026.

Recently, Deutsche Bank confirmed exploring stablecoins and tokenized deposits for its payment infrastructure amid the GENIUS Act buzz. The bank is also considering issuing its own stablecoin and joining the industry-wide initiative.

Meanwhile, the U.S. House of Representatives debated three crucial bills amid the Crypto Week. These are the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. The bills move forward for another voting today after US President Donald Trump intervened, seeking support to pass the bills.

U.S. Representative French Hill believes there is “strong bipartisan support” for the crypto market structure bill, even after a surprising setback in the House of Representatives last day.

Also Read: Bitcoin is No Longer Volatile, Says Deutsche Bank

Bitcoin and Ethereum prices extend gains as US PPI inflation cools to 2.3% and retail investors are gradually making a comeback. The crypto market sentiment remained bullish despite headwinds like tariffs, as per the Crypto Market Fear & Greed Index.

The U.S. Bureau of Labor Statistics reported that PPI inflation in June remained unchanged, following an upwardly revised 0.3% rise in May and below forecasts of a 0.2% gain. The annual PPI inflation fell to 2.3%, lower than expected at 2.5% and the lowest since September 2024.

Core PPI flattened, compared to forecasts of a 0.2% rise. Also, the annual core CPI rate fell to 2.6% from 3.2%, also below expectations of 2.7%.

10x Research’s latest report revealed that retail investors took part in the Bitcoin price rally above $123,000. It was not just due to whales and institutional buying.

Moreover, CryptoQuant on-chain data indicated that retail investors are making a comeback. The 30-day change in demand for small transfer volumes moved into positive territory over the past week.

At the time of writing, Bitcoin price was trading 2% higher in the past 24 hours, with the price currently trading at $118,618. The 24-hour low and high are $115,765 and $119,298, respectively.

Meanwhile, Ethereum price jumped more than 5% in the last 24 hours, with the price exchanging hands at $3,177. The intraday low and high were $2,970 and $3,188, respectively.

Also Read: Bitcoin ETFs Record $403M in Inflows Led by BlackRock’s IBIT

The CPI inflation in the United States comes in hot at 2.7%, accelerating for the second month and the highest level since February. This effectively eliminates any chance of a Fed rate cut in July, with analysts speculating whether Fed Chair Jerome Powell to also pause in September amid tariff jitters.

The U.S. Bureau of Labor Statistics released the June CPI inflation data on July 14. As per the report, the headline CPI inflation comes in at 2.7%, higher than the 2.6% forecast and 2.4% in May. Inflation has now accelerated for two consecutive months. Moreover, the annual core CPI came in at 2.9%, lower than the expected 3%.

The month-over-month CPI inflation rate increased by 0.3%, higher than the 0.1% rise last month. Moreover, the core CPI monthly comes in at 0.2%, lower than the 0.3% forecast but higher than the 0.1% rise in May.

BREAKING: June CPI inflation rises to 2.7%, above expectations of 2.6%.

Core CPI inflation rises to 2.9%, below expectations of 3.0%.

CPI inflation in the US is now up for 2-straight months for the first time since January 2025.

The Fed pause will continue.

— The Kobeissi Letter (@KobeissiLetter) July 15, 2025

At the time of writing, the CME FedWatch Tool showed a 59.1% probability of a 25 bps rate cut by the Federal Reserve in September. Moreover, a 43.6% probability of another 25 bps rate cut in December.

The US dollar index (DXY) showed volatility and moved around 98, making it difficult for traders to adjust accordingly. The 10-year Treasury yield was around 4.417% after the key CPI inflation print.

Bitcoin price holds above $117K after the CPI data release, indicating strength in the market. The price slipped earlier due to a selloff by the Satoshi-era whale. The 24-hour low and high were $116,373 and $122,085, respectively.

CoinGlass data also showed buying the dip sentiment in the derivatives market. At the time of writing, the total BTC futures open interest was up 1% to $86.70 billion in the last 4 hours. This indicates positive sentiment among traders.

Popular analyst Ali Martinez said “When Bitcoin dips ahead of CPI or PPI reports, it often rallies right after the data drops — and vice versa.”

Also Read: Crypto Market Eyes US CPI as September Fed Rate Cut in Doubt

British multinational bank Standard Chartered on Tuesday said it has launched spot trading for Bitcoin (BTC) and Ethereum (ETH). It followed the successful launch of its digital assets custody service earlier amid rising demand from clients seeking exposure to digital assets.

On July 15, the bank Standard Chartered announced that it is going to offer a fully integrated digital assets trading service for institutional clients. The offering includes spot trading for Bitcoin (XBT) and Ether (XET) in the USD pairs through its UK branch.

The bank will also introduce non-deliverable forwards (NDFs) trading or crypto derivatives later this year. The move makes it the first global bank to offer spot crypto asset trading for institutional clients, including corporates, investors, and asset managers.

Commenting on rising demand from clients, Standard Chartered’s Group Chief Executive Bill Winters said, “Digital assets are a foundational element of the evolution in financial services. They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry.”

Being an FCA-registered crypto asset service provider ensures clients get safe, trusted, and efficient digital asset solutions, which boosts crypto adoption in TradeFi. Standard Chartered is even offering clients the use of their choice of custodian, including Standard Chartered’s secure digital assets custody solutions.

Recently, Standard Chartered predicted Bitcoin price could hit $135,000 by September. Moreover, the massive upside momentum would even carry BTC to $200,000 by year-end.

BTC price is currently trading nearly 5% lower at $116,790 due to profit booking ahead of the US CPI release. Meanwhile, ETH price fell more than 2% to slip below the key $3,000 level.

Also Read: Bitcoin Price Falls as Satoshi-Era 80K BTC Whale Dumps Holdings

A Satoshi-era whale with 80K BTC started dumping its holdings to crypto exchanges on Tuesday. This triggered a selling pressure on BTC and the broader crypto market, prompting Bitcoin price to fall below $117K.

The OG whale-linked wallet ‘bc1qq8’ initially transferred 4.5K BTC worth $536 million to Galaxy Digital, as per Arkham data. This was the first cash-out by the whale in 14.3 years after it moved 80K BTC to eight different wallets on July 4.

An hour later, the whale moved 4,000 BTC and 500 BTC to Galaxy Digital in an OTC deal worth nearly $600 million. Onchain Lens reported that the Satoshi-era whale deposited 9,000 BTC valued at $1.06 billion.

On-chain platform Lookonchain warned on X that the Bitcoin OG whale seems to have started selling its holdings on Tuesday. The whale used Galaxy Digital services to sell 9,000 BTC in total.

After 15 minutes, the whale again transferred BTC to Galaxy Digital. This time, the whale made three transfers of 2,043 BTC, 3,000 BTC, and 2,800 BTC. Notably, this wallet still holds 3,157 BTC worth $371.15 million.

Lookonchain said the whale sold 16,843 BTC worth more than $2 billion. Also, Galaxy Digital is depositing these BTC to crypto exchanges Bybit and Binance.

Hours later, the wallet was completely liquidated as the whale sent the remaining 3,157 BTC worth $371.15 million to Galaxy Digital.

Other whales have started selling their BTC after observing the original whale liquidating its holdings. Whale ‘0x960B’ closed a long position and flipped short on BTC, sitting at an unrealized profit of $228K.

After seeing the Bitcoin OG with 80,009 $BTC($9.46B) start selling, whale 0x960B instantly closed his long position and flipped short on $BTC.

He's now sitting on an unrealized profit of $228K.

Smart move! https://t.co/R9jX4aj4Bf pic.twitter.com/ZccpUX5du9

— Lookonchain (@lookonchain) July 15, 2025

The selloff by the Satoshi-era whale resulted in Bitcoin price slipping further by 2%, extending the fall to 5.60% from the recent ATH above $123K. The price currently trades at $116,718, with a 24-hour low and high of $116,953 and $123,091, respectively.

CoinGlass data also showed selling in the derivatives market. At the time of writing, the total BTC futures open interest dropped 2% to $86.04 billion in the last 4 hours. BTC futures OI on CME and Binance slipped more than 2.27% and 2.68%, respectively. This signals bearish sentiment among derivatives traders.

Also Read: OG Bitcoin Wallet Moves $2.42B in BTC After A Long Silence

$33 billion AUM crypto fund manager Grayscale has secretly filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on Monday. The company has now joined a number of crypto firms seeking to go public, with USDC issuer Circle’s IPO becoming massively successful.

In an official announcement on July 14, Grayscale said it submitted a draft registration statement on Form S-1 to the SEC. The filing didn’t disclose the number of shares and price range, as the SEC is required to complete the review process for the registration.

Grayscale founder Barry Silbert also took to X to reach out to the wider crypto community and shareholders about the decision to go public.

Grayscale Investments Announces Confidential Submission of Draft Registration Statementhttps://t.co/feffMj9B6I

— Barry Silbert (@BarrySilbert) July 14, 2025

This comes as multiple companies, such as Galaxy Digital and eToro, filed to go public amid crypto-friendly policies and developments by the Trump administration.

Grayscale Bitcoin Trust ETF (GBTC) has $21.72 billion in AuM and Grayscale Ethereum Trust ETF (ETHE) has $3.4 billion in AUM. These are the two largest ETFs, together contributing almost $25 billion to the total AuM of Grayscale.

The IPO is estimated to be $500-700 million, which accounts for 9.2% of the valuation. The purpose of the IPO is to capitalize on the thawing IPO market and growing institutional interest in crypto. Also, the company may likely use the funds to acquire mining assets and development focused on custody to resist the impact of spot ETFs.

Notably, Circle Internet saw its market cap surge many times after the stock price jumped massively amid demand from institutions. It now has a market cap of $42.24 billion, as per CNBC. Grayscale Investments is expected to see similar demand if the SEC approve its S-1 registration.

Also Read: Grayscale Remains Committed as SEC Temporarily Pauses GDLC ETF

The crypto market awaits key macro events such as the Consumer Price Index (CPI) inflation data this week for further cues on Bitcoin and altcoins’ direction. Traders and analysts expect the crypto market to move higher, but a hot CPI print amid concerns of US tariffs could spoil this positive sentiment.

The U.S. Bureau of Labor Statistics will release June’s CPI inflation data on July 15. Economists estimate a 2.7% CPI and a 3% Core CPI YoY increase. This is higher than the earlier 2.4% headline CPI and 2.8% core CPI inflation data, indicating the impact of tariffs.

Bond traders are now uncertain that the Fed rate cut will resume in September, according to a Bloomberg report. However, the CME FedWatch tool still shows 57% odds of a 25 bps rate cut in September and a 43.3% probability of another 25 bps rate cut in December.

At the time of writing, the US dollar index (DXY) was moving around 97.90, and the US 10-year Treasury yield held its advance at around 4.41% as traders await key economic data. Meanwhile, reports claiming that US President Donald Trump can fire Fed Chair Jerome Powell have added further uncertainty in the markets.

In addition, Bitcoin price hit a new ATH of $123,100 today in response to recent predictions of $135K by analysts, as reported by The Crypto Times. The BTC price was trading 4% higher at $122,510 at the time of writing. Analysts expect some profit bookings before the next leg up.

Altcoins also move higher amid the rising ‘greed’ sentiment in the crypto market. ETH price holds above $3,000, and XRP price aims to hit a new ATH above $3.84.

Also Read: Metaplanet Buys $93.6 Million in Bitcoin, Stock Price Jumps

Metaplanet, aka Japan’s MicroStrategy, announced today that it purchased an additional 797 BTC for $93.6 million. With this purchase, the company has increased its total Bitcoin holdings to 16,352 BTC after the latest purchase. Its stock price also climbed higher towards reclaiming 1600 yen.

Metaplanet acquired 797 BTC at nearly $117,451 per Bitcoin, according to its official announcement. Simon Gerovich, CEO of Metaplanet, took to X to reach out to the wider crypto community and its shareholders. He said the company has achieved a remarkable BTC yield of 435.9% year-to-date after the accelerated Bitcoin strategy.

Metaplanet has acquired 797 BTC for ~$93.6 million at ~$117,451 per bitcoin and has achieved BTC Yield of 435.9% YTD 2025. As of 7/14/2025, we hold 16,352 $BTC acquired for ~$1.64 billion at ~$100,191 per bitcoin. $MTPLF pic.twitter.com/zFSH0WIima

— Simon Gerovich (@gerovich) July 14, 2025

The company, which over time has transformed itself from a struggling hospitality firm into the largest publicly traded Bitcoin holder in Asia, now ranks 5th globally with this move. It now holds 16,352 BTC, which was acquired for $1.64 billion at an average price of $100,191 per Bitcoin. The firm’s unrealized profit has jumped to nearly $323.91 million with the latest purchase, as the BTC price hits $120,000 today.

On July 7, Metaplanet acquired 2,205 BTC for $238.7 million at an average price of $108,237 per Bitcoin. Gerovich said the company plans to buy as much Bitcoin as possible. Notably, it has set a target of buying at least 30,000 BTC by the end of this year.

Meanwhile, the company’s stock price climbed by more than 1% to 1,581 yen at the time of writing. The 24-hour low and high were 1,536 and 1,593 yen, respectively. As per Yahoo Finance, the stock price has rallied over 2.45% in a week and 357% YTD.

Also Read: Missed Bitcoin Price Rally? Binance Founder CZ Shares Strategy

Binance founder Changpeng Zhao, aka CZ, shared his advice for those who missed the recent Bitcoin price rally to a new all-time high (ATH). He highlighted that Bitcoin is still in a dip, aligning with his previous prediction.

In an X post on July 11, CZ Binance suggested that those who missed buying Bitcoin at previous dips will get buy-the-dip opportunities again in the future. By definition, charts never move in a straight upward line and all tradable assets dip before hitting their next ATH.

In fact, he believes Bitcoin is still in a dip now. He earlier predicted that Bitcoin price could hit $500K to $1 million this cycle amid massive adoption by Wall Street firms, hedge funds, Bitcoin ETFs, and governments. He has advised investors to buy Bitcoin to diversify their portfolios many times.

Bitcoin price continued to move higher with liquidity support from the Global M2 money supply. There’s only a limited number of bitcoins available, but infinite fiat printing.

Bitcoin is making up for lost time, exploding to $116,700 in 3 minutes.

Looks like BTC wants to reclaim its directional relationship with global M2 money supply.

To $135k with haste 🫡 pic.twitter.com/sM2PpcyjIT

— Joe Consorti ⚡️ (@JoeConsorti) July 10, 2025

BTC price is currently trading at $118,010, more than 6% higher over the past 24 hours. The 24-hour low and high are $110,660 and $118,410, respectively.

CoinGlass data showed total BTC futures open interest hit ATH, rising 6% to $82.85 billion in the last 24 hours. BTC futures OI on CME and Binance climbed more than 9% and 6%, respectively. This signals bullish sentiment among derivatives traders.

Also Read: Over $5 Billion in Bitcoin and Ethereum Options to Expire Today

Bitcoin price continues to make new all-time highs, triggering a splendid crypto market rally and causing Ethereum price to surpass $3,000 psychological level. Traders now await over $5 billion in crypto options to expire today for cues on market direction in the coming days.

37,000 BTC options with a notional value of $4.35 billion are set to expire on July 11, according to Deribit data. The max pain price is at $108,000, significantly lower than the market price of Bitcoin. At the time of writing, the put-call ratio is 1.07, suggesting traders are betting for more puts than calls.

However, the call volume has doubled the put volume in the last 24 hours, with a put-call ratio of 0.53. This happens as Bitcoin price hit an ATH of $118,410, even surpassing Matrixport’s Bitcoin price target for July.

Moreover, 240,000 ETH options with a notional value of $710 million are to expire today. The max pain price is at $2,600 and a pull-call ratio is 1.12, indicating bearish sentiment among derivatives traders.

In the last 24 hours, traders have bet more calls than puts as Ethereum price surpassed $3,000. The put-call ratio was 0.52 at the time of writing. Market sentiment has improved and ETH implied volume fell slightly to 60%, as per GreeksLive.

“The last two weeks have seen a very large block of call trades, mainly building and moving positions after quarterly delivery,” GreeksLive added. The options market is far from FOMO and institutional investors are very muted.

At the time of writing, BTC price is trading nearly 7% higher at $118,200. Experts predict Bitcoin price to hit as high as $135,000 before the start of the bear market. Whereas, ETH price is trading more than 8% higher at $3,020.

Also Read: Bitcoin Still Has Room to Run; MVRV Z-Score Signals Upside

As the Ripple vs SEC case nears an end, following a settlement and decision to withdraw appeals, a letter was sent to Judge Analisa Torres. The letter hinted at the start of the administrative procedure to end the long-running lawsuit.

In the latest court filing in the Ripple vs SEC case, Andrew Kunsak of the law firm Sidley Austin LLP requested that Judge Torres remove their client from the court’s docket. Kunsak claimed the investment banker declarant’s role as a key witness in the case has been completed. “The confidentiality of their testimony is not an issue being appealed,” he added.

The investment banker declarant entered the XRP lawsuit in August 2023 to provide expert testimony and analysis. It also aimed to safeguard their stakeholders from disclosures in the lawsuit.

Moreover, Kunsak revealed his plans to leave Sidley Austin LLP, with no lawyers to appear in this matter for the investment banker declarant’s work. The letter also affirmed that Sidley Austin LLP does not represent any party to the appeal.

Recently, Judge Torres denied the parties’ motion for an indicative ruling to end the Ripple vs SEC lawsuit after the SEC filed for a settlement. The parties asked the judge to lift the injunction and reduce the civil penalty to $50 million.

Ripple CEO Brad Garlinghouse confirmed they would drop their cross-appeal in the 2nd Circuit Court as the SEC dropped their appeal. “We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value,” he added.

Meanwhile, the XRP price surged nearly 6% in the past 24 hours, with the price currently trading at $2.56. The 24-hour low and high are $2.41 and $2.59, respectively. Furthermore, the trading volume has jumped by 23%, indicating a massive interest among traders.

Also Read: Ripple to Drop Cross Appeal Against SEC, Ending XRP Lawsuit

Crypto exchange Coinbase continues its acquisition spree in 2025 with the purchase of token management platform Liquifi, as per a report on Wednesday. COIN stock price has opened more than 2% higher during market hours, recovering from yesterday’s 4.33% fall.

Crypto Exchange Coinbase Buys Liquifi

Coinbase has acquired token management platform Liquifi, according to a report by Fortune on July 2. This marks the company’s fourth acquisition this year, following three in 2024. Terms of the deal remain undisclosed.

The token platform brings cap table and token distribution tools in-house as it builds toward an end-to-end crypto platform. It distributes and launches tokens compliantly across vesting, lockups, tax withholding, airdrops, payroll and more.

“Token creation and cap table management is part of the process,” said Aklil Ibssa, referring to the life cycle of a cryptocurrency. “If we want to bring a billion people on chain, this process needs to be much easier and less broken,” he added.

Recently, Coinbase acquired crypto derivatives company Deribit for $2.9 billion, the largest acquisition in the history of the crypto industry. It also acquired crypto-based advertisement firm Spindl and the team behind privacy-focused blockchain Iron Fish.

Notably, Coinbase is seeking approval from the U.S. SEC to offer tokenized equities to users. Tokenized stocks are digital versions of regular company shares. Rather than holding ordinary stock, investors would hold virtual tokens representing company shares.

Liquifi may also play an important role in tracking tokenized stocks offered on Coinbase. Notably, Well-known crypto companies like the Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track stake owned by entities of a cryptocurrency, distribute tokens after vesting periods, and manage the intricacies of tax withholdings.

COIN Stock Price Recovers

Coinbase stock closed 4.33% lower at $335.33 on Tuesday, extending the five-day fall to nearly 7%. However, the COIN stock price has recovered today by nearly 2% to $342.08, as per Yahoo Finance.

Notably, Bank of America Securities’ top analyst Craig Siegenthaler increased the price target for COIN stock to $397.

Bernstein analyst Gautam Chhugani called Coinbase “the most misunderstood company in our Crypto coverage universe,” adding that it stands to benefit from Genius Act stablecoin legislation. Bernstein analysts hiked their Coinbase price target to $510 from $310.

Ripple and OpenPayd have partnered to enable payment solutions for enterprise clients. The partnership will also enable OpenPayd to provide direct minting and burning of Ripple USD (RLUSD) stablecoin.

The move expands Ripple Payments support into EUR and GBP through OpenPayd’s global fiat infrastructure, including real-time payment rails, multi-currency accounts, and virtual IBANs.

“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,” said Jack McDonald, SVP Stablecoins at Ripple. He added, “Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale.”

Iana Dimitrova, chief executive at OpenPayd, said the partnership marks a major step forward in bridging traditional finance and blockchain. The company’s newly launched stablecoin infrastructure will mint and burn RLUSD.

Businesses can seamlessly convert between fiat and RLUSD with OpenPayd’s full suite of services, including embedded accounts, payments, and trading, via a single API.

The companies claim the partnership makes payments faster, more transparent, and cost-effective. As enterprise demand for stablecoins grows, businesses require real-time, regulated financial infrastructure to manage money seamlessly between traditional finance and blockchains.

RLUSD has attained a market cap of $455 million as it continues to expand and partners with other companies to boost cross-border payments. It offers core services that financial institutions need to tokenize, store, exchange, and move digital assets.

According to Ripple, its payments, including with stablecoins, have global coverage with over 90 payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume.

Recently, OpenPayd also partnered with Circle to offer seamless conversion between fiat currencies and USDC and boost real-world stablecoin utility.

Also Read: XRP to Run the World? Ripple’s 2030 Plans Leak Big Clues

Following four years, a bullish chart pattern has emerged on the weekly timeframe and suggests that ADA bulls are getting ready for a massive Cardano price rally. Will this massive signal propel Cardano to hit as high as $3?

Dan Gambardello, a notable analyst in the Cardano community, shared this big Cardano weekly indicator in an X post on July 2. He said it is bullish as the market still awaits Fed rate cuts, ETF approvals, and developments on the Cardano blockchain.

He pointed out that the 50-MA has confirmed a cross above the 200-MA in the weekly chart. This is called a “golden cross” and signifies a potential change in trend to bullish.

The last time this bullish pattern formed, Cardano price rallied more than 1000% to hit an all-time high of $3.10. ADA price could rally again to this level, supported by massive trading volumes and positive developments related to Cardano.

One such development to support the massive uptrend has already happened. The U.S. SEC approved Grayscale’s Digital Large Cap Fund conversion into an ETF that contains Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Cardano (ADA).

Notably, Grayscale also filed to convert its Cardano Trust to ETF, tracking the spot ADA price. The SEC deadline to approve the ETF is in October, with Bloomberg analysts anticipating 90% odds of approval.

Cardano price rebounded to $0.558 following a 2% fall in the past 24 hours. The 24-hour low and high are $0.538 and $0.567, respectively. Furthermore, the trading volume has slightly decreased by 1% in the last 24 hours.

Also Read: Cardano Needs Executive Voice to Lead Bitcoin DeFi: Hoskinson

Bitcoin price fell to an intraday low of $105,100 due to multiple factors, prompting whales and traders to liquidate some long positions and causing a slight selloff across the crypto market. This happened despite the highest monthly close ever on BTC.

Macro Headwinds for Bitcoin Price

Macroeconomic factors hindered an upside momentum in Bitcoin price again. The recent JOLTs job openings and ISM Manufacturing PMI data hinted at a strong labor market and inflationary impact of Donald Trump’s tariffs.

Job openings climbed to the highest level since November 2024. Meanwhile, higher-than-expected ISM Manufacturing PMI indicated a robust economy, which could influence the Fed to delay rate cuts amid inflationary pressures.

As per the CME FedWatch tool, over 75% of the market expects the Fed to hold rates steady in July. Although a slight majority of the market expects the Fed to deliver more than two cuts this year.

Elon Musk-Donald Trump Feud

Bitcoin price faltered as the fight between billionaire Elon Musk and President Donald Trump heated up. Traders found the reason to support a drop in BTC price after it moved range-bound for many days, as reported by The Crypto Times.

Elon Musk continues to challenge Trump’s “Big Beautiful Bill” threatening to establish a new political party if the tax-and-spending bill gets passed. Notably, the Senate narrowly approved the bill and sent it to the House. The bill would add $3.3 trillion to the US debt.

Meanwhile, Trump said he intends to cut government subsidies for Elon Musk and even look to deport him to South Africa as the feud reignites.

Bitcoin Price in Consolidation for Bullish Technical Patterns

Investors and traders remained bullish in the long term and are currently adjusting their positions based on BTC price chart patterns. Traders are following the Global M2 supply and cup-and-handle pattern formation in the daily chart. Bitcoin price can hit $168,000 after the breakout, as reported previously by The Crypto Times.

The recent pullback happened after the price dropped below the $106K support level and fell below the 50-SMA in the daily chart. However, it is moving in accordance with the consolidation in the “handle” of the bullish cup-and-handle pattern.

$BTC Keep it simple.

The levels that really matter on the high timeframe, are clear. pic.twitter.com/3ztzAfJR3H

— Daan Crypto Trades (@DaanCrypto) July 1, 2025

Spot Bitcoin ETFs Outflow After 15 Days

Spot Bitcoin ETFs saw $342.2 million in net outflows on Monday, ending the 15-day inflow streak. Notably, Fidelity’s FBTC recorded $172.7 million in outflow while Grayscale’s GBTC saw $119.5 million in outflows.

BlackRock’s IBIT saw zero outflows. Meanwhile, outflows from Bitwise and Ark 21Shares spot Bitcoin ETF were $23 million and $27 million, respectively.

Whales and Traders’ Liquidation

On-chain data platforms noted multiple transactions moving BTC to crypto exchanges in the last 24 hours. The largest transaction was by a whale who moved 1,595 BTC worth $168.55 million into Binance.

A whale has deposited 1,595 $BTC worth $168.55M into #Binance.

Address: 3NVeXmBcmXsBSvXgpQuXWuGg4pDBDEWEok pic.twitter.com/dhYjP54Wlc

— Onchain Lens (@OnchainLens) July 2, 2025

According to Coinglass data, Bitcoin recorded more than $85 million in liquidations in the last 24 hours, with more than $75 million in longs liquidated. The crypto market saw 101,911 traders get liquidated, with the largest single liquidation of BTCUSD valued at $2.62 million on crypto exchange Bybit.

Also Read: SEC Approves Grayscale ETF with BTC, ETH, XRP, SOL, ADA

Bitcoin bulls may gain an advantage over bears in the coming weeks as July has historically been a strong month for bullish Bitcoin price action. Analysts shared an upside move in their Bitcoin price prediction to claim a new all-time high despite failing to even move past $110K for over a month.

Matrixport revealed that July has historically favored Bitcoin despite the price often consolidating during the summer. An upside move in Bitcoin is important to confirm bullishness as evident from Bitcoin ETF inflow and rising corporate Bitcoin holdings.

Over the past 10 years, Bitcoin price has rallied in seven out of ten times in July. The asset has recorded on average 9.1% gains. In fact, the three down years saw only modest, single digit declines, while five years recorded double-digit gains.

Matrixport predicts Bitcoin price to move higher and reach $116,000 in the coming weeks due to clear risk/reward skew to the upside.

At the time of writing, Bitcoin price was trading at over 1% down at $106,800. But trading volume increased slightly in the lat 24 hours.

In the derivatives market, BTC open interest has dropped 1.68% in the last 24 hours as volume dried. Options volume are high but traders are likely betting long for September in line with the Fed rate cuts, as per Coinglass data.

Analysts including Michael van de Poppe in a post on X on July 1 said “These dips are the buy the dip ones.” He thinks Bitcoin price is consolidating for the next breakout upwards.

Also Read: Bitcoin Price Falters As Elon Musk vs Donald Trump Feud Heats Up

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the spot Dogecoin ETF application by 21Shares. The government agency needs another 45 days to approve or deny the spot Dogecoin ETF prospectus.

21Shares Dogecoin ETF was delayed as the SEC seeks more time to further evaluate whether the proposed ETF meets listing and trading requirements under Nasdaq Rule 5711(d), according to a US SEC filing. It has sparked both curiosity and unease in the Dogecoin community. ETF approval is critical for DOGE’s broader acceptance and value growth.

The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.

Nasdaq filed to list the 21Shares Dogecoin ETF on April 28, followed by a publication in the Federal Register on May 19. This designates the SEC to make its final decision by August 17.

Grayscale and Bitwise are other issuers seeking approval from the US SEC. Meanwhile, Bloomberg ETF analysts have raised the odds for Dogecoin ETF approval to 90%.

DOGE price fell more than 1% in the last 24 hours but continues to move range-bound near $0.165 for a week. The price was trading at $0.163, with a 24-hour low and high of $0.1623 and $0.1678, respectively. However, the trading volume has increased by 13% in the last 24 hours, indicating interest among traders.

Also Read: Dogecoin Cloud Mining Surges as VNBTC Attracts Millions with Free Contract

Bitcoin price dipped below the key $107K level as the fight between billionaire Elon Musk and President Donald just got heated. Traders found the reason to support a drop in BTC price after it moved range-bound for many days.

Elon Musk continues to challenge Trump’s “Big Beautiful Bill” saying if the bill gets passed, he will establish or support creating a new political party in the United States.

On July 1, Musk pinned the result of a poll calling for a new political party on his social media platform X. The poll received over 80% support for a new political party.

VOX POPULI
VOX DEI

80% voted for a new party https://t.co/JkeOlG7Kl4

— Elon Musk (@elonmusk) July 1, 2025

On Monday, Musk ramped up his criticism, saying lawmakers who had campaigned on cutting spending but backed the bill “should hang their heads in shame!” He added, “And they will lose their primary next year if it is the last thing I do on this Earth.”

Today, Donald Trump posted on his Truth Social account that DOGE may look into cutting Elon Musk subsidies. He added that Musk knew about him being a strong critic of the EV mandate.

In response, Musk said to “CUT IT ALL. Now,” believing that the government must do everything to cut spending and not just continue to raise the debt ceiling.

Amid the renewed feud, Tesla stock price has dipped more than 10% in a week. TSLA stock closed 1.84% lower at $317.66 on Monday, falling 2% further to $311.19 after market hours as Musk took on Trump.

At the time of writing, Bitcoin price was trading 1.34% down at $106,834. The 24-hour low and high were $106,759 and $108,317, respectively. Traders must watch $106,100 closely as breaking the level could trigger huge liquidations.

Also Read: Senator Lummis Raises Voice For Bitcoin Miners: Stop Double Tax

XRP and Solana saw massive buying from institutional investors, according to a digital funds flow report on Monday. This comes as Ripple CEO Brad Garlinghouse decided to drop the appeal in the 2nd Circuit. Notably, the demand increased after Bloomberg’s ETF analysts set odds of XRP and Solana ETFs approval to 95% recently.

XRP saw $10.6 million in buying from institutional investors as compared to $2.7 million a week ago, according to the CoinShares report on June 30. Thus, a 292% rise in buying activity was recorded week-over-week as Ripple and the US SEC decided to drop appeals in the 2nd Circuit court.

Meanwhile, Solana recorded $5.3 million in buying as compared $2.8 million in the previous week. This accounts for an almost 90% increase in buying from investors. The demand for Solana remains intact due to the high odds of ETF approval by the US SEC.

Crypto asset investment products saw $2.7 billion in inflows last week, bringing H1 totals within striking distance of $17.8 billion last year. Bitcoin recorded $2.2 billion in net inflows, while Ethereum saw $429 million in net inflows.

Amid this major XRP news, prospects of XRP ETF approval in the United States have increased after Canada greenlighted Purpose and 3iQ spot XRP ETFs this month. Notably, Ripple also invested in 3iQ XRP ETF.

XRP price pared earlier gains, with the price currently trading at $2.18. The 24-hour low and high were $2.18 and $2.23, respectively.

Meanwhile, SOL price fell 1% in the past 24 hours, with the price currently changing hands at $150. The 24 hour low and high were $149.61 and $154.42, respectively.

Also Read: Ripple-partner SBI Moves $703 Million in XRP, What’s Happening?

SBI VC Trade, a long-term partner of Ripple, moved 320 million XRP tokens worth more than $703 million on Monday. It sparked speculation in the community as the massive transfer occurred before Ripple’s scheduled $1 billion escrow release.

In an X post on June 30, Whale Alert highlighted a massive 320 million XRP transferred from an unknown wallet to another unknown wallet. It also reported another two transactions of 160 million XRP each to two different wallet addresses.

Upon research, the wallet rNR…6jS that sent 320 million to r9z…RCZ wallet was found to be linked to SBI Holdings’ subsidiary SBI VC Trade. The XRP tokens were sent forward to two wallets, which still hold 160 million XRP each.

As the transfer occurred outside Ripple’s scheduled escrow release, the XRP community associated the transfer with an upcoming big move by SBI VC Trade.

Last week, Japan’s Financial Services Agency submitted a proposal to reclassify crypto as legitimate financial products, which paves the way for ETF launch. Also, the proposal included slashing Japan’s punitive crypto tax rate from as high as 55% to a flat 20%.

The XRP price pared earlier gains and fell below $2.20. The 24-hour low and high were $2.18 and $2.22, respectively. Meanwhile, trading volume has increased by 15% in the last 24 hours, indicating a rise in interest among traders.

In the daily timeframe, the price is still below the 50-SMA, 100-SMA, and 200-SMA at the time of writing. Whereas, the Relative Strength Index (RSI) slips slightly to 50.68.

Also Read: Ripple CEO Brad’s ‘1,000%’ XRP Commitment Goes Viral

Metaplanet Inc., known as Asia’s MicroStrategy, on Monday said it acquired 1,005 BTC for $108 million. With the latest purchase, the company has increased its holdings to 13,350 BTC to become the 5th largest corporate Bitcoin holder. Also, 30 billion JPY ($208 million) in 0% ordinary bonds is announced to purchase additional bitcoins.

Metaplanet Expands Bitcoin Treasury by 1,005 BTC

Metaplanet purchased an additional 1,005 BTC at nearly $107,601 per bitcoin, according to a press release on June 30. The company has achieved a BTC yield of 129.4% this quarter and a BTC yield of 348.8% YTD 2025.

CEO Simon Gerovich took to X to reach out to the wider community about the latest Bitcoin purchase worth $108.1 million. He revealed that Metaplanet held 3,350 BTC just 3 months ago, but it accelerated its Bitcoin acquisition strategy to quickly add 10,000 BTC.

#5 on the ₿100

— Michael Saylor (@saylor) June 30, 2025

With the latest Bitcoin purchase, Metaplanet boosted its Bitcoin stash to 13,350 BTC. It was acquired for nearly $1.31 billion at an average price of $97,832 per Bitcoin. Also, it has surpassed Mike Novogratz’s Galaxy Digital and BTC mining firm CleanSpark to become the 5th largest corporate Bitcoin holder.

On June 26, Metaplanet acquired 1,234 BTC for $132.7 million at an average price of $107,557 per Bitcoin, surpassing Elon Musk’s Tesla in Bitcoin holdings.

Metaplanet Announces 30 Billion JPY in Bonds Offering

Today, Metaplanet also announced plans to issue its 19th series of ordinary bonds to EVO FUND. Proceeds will be partially allocated to a buyback and cancellation of the 3rd series of ordinary bonds. The company will use the remaining funds to buy more Bitcoin.

The company decided to proceed with the buyback and cancellation of the 3rd series of bond offerings, as they bear interest and are secured by collateral.

Stock Recovers in line with Bitcoin Price

The stock price dropped after the company announced the “Accelerated 2025-2027 Bitcoin Plan” to issue 555 million shares and raise $5.4 billion. It sets a goal to hold at least 210,000 BTC by 2027.

Metaplanet Inc.’s (3350.T) stock price rebounded today after the company announced the latest Bitcoin acquisition. At the time of writing, the stock price is trading 9.33% higher at 1,628 yen on Monday. The 24-hour low and high were 1,507 and 1,625 yen, respectively. As per Yahoo Finance, the stock price has rallied over 51% in a month and 364% YTD.

Meanwhile, the Bitcoin price has also jumped over the last 24 hours, with the price currently trading 1.13% higher at $108,496. The 24-hour low and high are $107,251 and $108,798, respectively.

Also Read: Bitcoin Price To Hit $10 Million: Uncovering Hal Finney’s Prediction

Bitcoin price falls under $107K as the US Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) inflation, comes in hot on Friday.

The core PCE inflation YoY, which excludes volatile and energy prices, rises to 2.7% above estimates of 2.6%. And, the core PCE inflation MoM comes in at 0.2%, above estimates of 0.1%.

The headline PCE inflation YOY in the US increased to 2.3%, in line with estimates but above a revised value of 2.2% in the previous month. Similarly, PCE inflation MoM comes in line at 0.1%, the same as in the previous month.

Meanwhile, the personal spending and personal income have also missed economists’ estimates. This will prompt Federal Reserve Chair Jerome Powell to consider rate cuts.

The CME FedWatch tool showed a 72.1% probability for the Fed rate cut in September. The data suggested 75 bps in total rate cuts by the Federal Reserve this year if inflation data and uncertainty in the markets remained stable in the coming months.

Meanwhile, Treasury Secretary Scott Bessent says tariffs on China are now 30%, while Chinese tariffs on the U.S. are 10%.

BESSENT: NOW OUR TARIFFS ARE 30% ON CHINA, THEIRS ARE 10%

— *Walter Bloomberg (@DeItaone) June 27, 2025

Bitcoin price fell after the PCE inflation data, with the price currently trading around $106,700. The 24-hour low and high are $106,460 and $107,973, respectively. Furthermore, the trading volume has decreased by 12% in the last 24 hours, indicating a decline in interest among traders.

Analysts including Michael van de Poppe remained bullish on further upside moves in Bitcoin price. pointed out that BTC could see a slight consolidation before the next breakout. He added, “I assume we’ll see a big breakout to an ATH when we clear $108,500.”

#BTC

The most important thing as Bitcoin approaches its new Weekly Close is that price is positioned for a reclaim of the $104400 Range High (red) after briefly losing it as support last week

Weekly Close above $104400 would be a positive reclaim sign$BTC #Crypto #Bitcoin pic.twitter.com/9kwZQ65kj1

— Rekt Capital (@rektcapital) June 27, 2025

Also Read: Bitcoin Surpasses Google in Market Cap, Ranks Sixth Globally

Nasdaq-listed Mullen Automotive begins accepting Bitcoin and TRUMP meme coin as payments for its electric vehicles. It is now among the leading companies such as Ferrari and BMW to accept cryptocurrency as payment form on vehicle purchases.

Mullen Automotive Enables EVs Purchase with Crypto

Electric vehicle manufacturer to accept cryptocurrencies, including Bitcoin and the $TRUMP meme coin, for the purchase of both Mullen and Bollinger commercial electric vehicles. The company will also expand the list to include additional crypto, including popular meme coins and stablecoins.

“The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels,” said David Michery, CEO and chairman of Mullen Automotive.

Several US States are implementing policies and laws to accept Bitcoin payments. Recently, Assembly Bill 1180 (AB 1180) for accepting Bitcoin and digital currencies as payments was unanimously approved by the California State Assembly with a vote of 68-0. 

Will Tesla Reinstate Bitcoin and Dogecoin Payments for EVs?

Tesla currently accepts Dogecoin as payments for merchandise in its online shop only. While Elon Musk initially announced accepting Dogecoin payments for Supercharging station and cars, it is yet to be implemented.

In fact, Tesla even accepted Bitcoin in 2021 but Musk suspended it citing environmental concerns related to Bitcoin mining’s energy consumption. Since then, people are awaiting Tesla to reinstate Dogecoin and Bitcoin as payments for Tesla electric vehicles. The odds remained high as Musk stated to accept crypto at some point in the future.

With the mainstream adoption of Bitcoin and other top cryptocurrencies, especially public companies adding Bitcoin to their corporate treasury, automobile manufacturers may pivot towards accepting crypto.

Also Read: Metaplanet Tops Elon Musk’s Tesla With 12345 BTC, Now 7th Largest Bitcoin Holder

Grayscale Investments on Friday said it has updated the Top 20 crypto list considering high potential over the coming quarter. The list continued to exclude prominent altcoins, including XRP and Cardano (ADA), despite the US SEC’s decision to drop its lawsuit against Ripple and the positive developments.

Grayscale Adds AVAX and MORPHO

Grayscale has added Avalanche (AVAX) and Morpho after analyzing hundreds of digital assets. The approach combines a range of factors, including network growth, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks.

The company uses its proprietary taxonomy and family of indexes called Crypto Sectors, developed in partnership with FTSE/Russell, to shuffle crypto assets in the Grayscale Research Top 20 list.

While Avalanche (AVAX) and Morpho (MORPHO) earned new spots for their growing fundamentals, two major Ethereum ecosystem players, Lido DAO (LDO) and Optimism (OP), were removed. Despite leading their categories, both tokens fell short on near-term momentum and token value capture. Grayscale’s move hints at a pivot toward adoption metrics over long-term alignment.

However, the exclusion of XRP and ADA, along with LDO and OP, raises eyebrows as these tokens hold major growth potential amid the latest developments. Notably, the U.S. SEC recently agreed that certain staking activities are not securities transactions.

As a result, many issuers have filed to include in-kind redemptions and staking in their Solana ETF applications to the SEC. Notably, XRP, Solana, and Cardano have received at least 90% approval odds from Bloomberg analysts.

Grayscale has even filed to convert XRP and Cardano trusts to ETF amid higher chances of approval by the new SEC in the Trump administration.

XRP and ADA Price Plunge

XRP price fell more than 4% in the past 24 hours, with the price currently trading at $2.09. The 24-hour low and high are $2.08 and $2.20, respectively. Furthermore, the trading volume has increased by 20% in the last 24 hours, indicating a rise in interest among traders.

Meanwhile, ADA price slipped more than 2% in the past 24 hours, with the price currently trading at $0.555. The 24-hour low and high are $0.571 and $0.574, respectively.

Also Read: Grayscale Fund With XRP, Cardano May Get Approval Before Solana ETFs

The odds for Coinbase and Kraken to get a broker-dealer license to offer tokenized stocks just spiked. Tokenized stock trading platform Dinari becomes the first firm to secure a broker-dealer license from regulators to offer tokenized securities in the United States.

San Francisco, California-based firm stated that it will activate the licensed entity during the next quarter, following completion of onboarding with the Securities and Exchange Commission (SEC), reported Reuters.

“For me, the end game is how can we elevate the entire financial system, which means not just a broker-dealer that’s on chain, but an exchange that’s on chain,” said Gabriel Otte, the co-founder and CEO of Dinari.

In May, Kraken announced plans to offer tokenized versions of more than 50 stocks and ETFs — including Apple, Tesla, Nvidia and SPDR S&P 500 ETF (SPY). Kraken will use Backed’s new xStocks to offer tokenized stocks on the Solana blockchain in jurisdictions outside the United States.

On June 17, Coinbase announced seeking approval from the U.S. SEC to offer tokenized equities to users. Tokenized stocks are digital versions of regular company shares. Rather than holding ordinary stock, investors would hold virtual tokens representing company shares.

Notably, Dinari’s tokenized equities — called dShares — are already available via decentralized finance platforms like Coinbase’s Base blockchain network. However, it’s only for users outside the U.S.

This makes Coinbase and Kraken the next in line to receive approval to offer tokenized stocks in the United States.

Also Read: How Will Bitcoin and Ethereum Price Move amid $17 Billion Options Expiry?

Bulls holding key support levels strongly has pushed Bitcoin and Ethereum price to gain upside momentum. However, upcoming monthly Bitcoin and Ethereum options expiry and US PCE inflation data could possibly trigger a retracement or crash on Friday.

Over $17 Billion in Bitcoin and Ethereum Options to Expire

According to Deribit data, 139K BTC options with a notional value of more than $15 billion are set to expire on June 27. At the time of writing, the put-call ratio was 0.74, suggesting a slightly bearish sentiment among traders. Notably, it is the largest options expiry of the year and trades are cautious about it.

Moreover, the max pain point is at $102,000, indicating a high chance of correction in BTC price. Traders may adjust their positions, which can lead to increased volatility.

In contrast, 936K ETH options with a notional value of almost $2.3 billion are set to expire, with a put-call ratio of 0.52.

Also, the max pain point was $2,200 at the time of writing. Sentiment has turned slightly bearish for Ethereum as evidenced by the put-call ratio of 0.95 in the last 24 hours.

BTC and ETH Prices May Fall

Traders also awaits U.S. Federal Reserve’s preferred inflation gauge US PCE data on June 27. Economists expect PCE inflation to come in hot 2.3%, up from 2.1% in the previous month.

Moreover, Fed Chair Jerome Powell maintained hawkish stance on monetary policy during the congressional testimony, implying a reluctance to cut rates due to US tariffs.

On-chain data by CryptoQuant signals risks selloff in Bitcoin price. The MVRV Ratio indicates slowdown in momentum, which means the bull market is entering the late stage.

Bitcoin Quickly Recovers from Geopolitical Tensions, But What About MVRV Momentum?

“Right now, that slope is flattening, suggesting a potential slowdown. This doesn’t mean a downtrend is imminent. But it could signal that we are entering the late stage.” – By @Yonsei_dent pic.twitter.com/D5QVopS6eE

— CryptoQuant.com (@cryptoquant_com) June 26, 2025

BTC price action today was sideways to downside, with the price currently trading at $107,199. The 24-hour low and high are $106,817 and $108,305, respectively. Furthermore, the trading volume has decreased by 7% in the last 24 hours, indicating a decline in interest among traders.

Meanwhile, ETH price also pared earlier gains, with the price currently trading at $2,436. The 24-hour low and high are $2,399 and $2,519, respectively. Furthermore, the trading volume has increased by 13% in the last 24 hours, indicating a rise in interest among traders.

Traders should keep an eye on trading volumes and liquidation over the next 24 hours for cues on upcoming price direction.

Also Read: Metaplanet Tops Elon Musk’s Tesla With 12345 BTC, Now 7th Largest Bitcoin Holder

Crypto mining chip design company Nano Labs on Thursday said it has received 600 BTC as part of the initial investment in $500 million convertible notes deal. The company plans to acquire $1 billion in BNB tokens through convertible notes and private placements.

Nano Labs Receives $63.6 Million in BTC

According to a filing with the U.S. SEC, Nano Labs disclosed additional details regarding the $500 million convertible notes private placement for its BNB treasury strategy. The company revealed that it has received 600 Bitcoin worth nearly $63.6 million and issued two notes to the investors.

Notably, convertible promissory notes in the aggregate principal amount of $500 million are payable in cash or an equivalent amount of cryptocurrencies. After the latest raise, Nano Labs holds 1,000 BTC in its treasury.

“The company is doubling down on its BNB treasury strategy. BNB will be at the core of our next phase,” said Nano Labs.

The company is doubling down on its BNB treasury strategy.

BNB will be at the core of our next phase.

Watch us build strong crypto reserves like never before.

This is just the beginning.

Stay tuned. $BNB $NA https://t.co/iNd0VHdlBh

— Nano Labs (@NanoLabsLtd) June 26, 2025

On June 24, the company announced a plan to buy $1 billion worth of BNB through convertible notes and private placements in the initial phase. And in the long term, Nano Labs aims to hold 5% to 10% of BNB’s total circulating supply. Notably, 5% of BNB circulating supply accounts for 7 million BNB tokens, valued at $4.5 billion at the current price.

Nano Labs (NA) stock price has jumped by more than 14% in the premarket trading hours on Thursday. The price is up 205% in a month after the firm announced Bitcoin and BNB treasury strategy, as per Yahoo Finance.

BNB Price Continues Sideways Movement After Recovery

BNB price is moving range-bound between $640-$650 after recovering from a crash earlier this week. The price is trading at $647.72 at the time of writing. The 24-hour low and high were $642.56 and $649.98, respectively. Furthermore, the trading volume has decreased by 5% in the last 24 hours, indicating a slight decline in interest among traders.

In the daily timeframe, BNB price is below 50-SMA, but above 100-SMA and 200-SMA at the time of writing. Whereas, the Relative Strength Index (RSI) slightly rose to 50.48, signaling a potential upside move in the coming days.

Metaplanet Inc., known as Asia’s MicroStrategy, on Thursday said it has purchased 1,234 BTC for $132.7 million. With the latest purchase, the company has increased its bitcoin holdings to 12,345 BTC and flipped Tesla to become the 7th largest bitcoin holder.

Metaplanet Increases Bitcoin Treasury by 1,234 BTC

According to a press release on June 26, Metaplanet has purchased an additional 1,234 BTC at nearly $107,557 per Bitcoin. The company has achieved a BTC yield of 112.2% this quarter-to-date.

CEO Simon Gerovich took to X to reach out to the wider community about the latest Bitcoin purchase worth $132.7 million. He revealed that Metaplanet’s Bitcoin holdings have now surpassed Tesla’s BTC holdings. The company has achieved the BTC yield of 315% YTD 2025.

With the latest Bitcoin purchase, Metaplanet has raised its Bitcoin stash to 12,345 BTC. It is worth nearly $1.21 billion at an average price of $97,036 per Bitcoin.

1, 2, 3, 4, 5… liftoff.
We just climbed past Tesla on the BTC leaderboard.
Bolder. Faster. Harder.@elonmusk — meet you on Mars 🪐 pic.twitter.com/J7EcKKWitt

— Simon Gerovich (@gerovich) June 26, 2025

On June 23, Metaplanet announced acquiring 1,111 BTC for $118.2 million at an average price of $106,408 per Bitcoin.

On Wednesday, Metaplanet secured 74.9 billion JPY (USD $0.51 billion) in equity capital through the issuance of 54 million shares via the exercise of the 20th series of stock acquisition rights. With this raise, the company has completed 10% of the 555 Million Plan to raise $5.4 billion.

As the company plans to hold at least 30,000 BTC by the end of 2025, it will become the 4th largest corporate holder of Bitcoin. Currently, BTC mining firm Riot Platforms ranks 4th on the top public Bitcoin treasury companies list.

Company’s Stock Performance as Bitcoin Price Rises

Metaplanet is making a spectacular return with its Bitcoin treasury strategy. The company has also accelerated its BTC acquisitions as many companies, including GameStop, Semler Scientific, and other public companies, add Bitcoin to their corporate treasuries.

Metaplanet Inc (3350.T) stock price rebounded today but slipped after the company announced the latest Bitcoin acquisition. Stock price fell 1% to 1,574 yen on Thursday. The 24-hour low and high were 1,503 and 1,616 yen, respectively. As per Yahoo Finance, the stock price has dropped over 12% in a month and rallied nearly 353% YTD.

Bitcoin price continues to move higher in the last 24 hours, with the price currently trading 1.55% up at $107,901. The 24-hour low and high are $106,095 and $108,305, respectively.

Do Kwon, co-founder of Terraform Labs, is scheduled to appear before a federal court judge on Wednesday. Kwon pleaded not guilty to criminal fraud charges earlier this year, with the case currently in the pretrial stage.

Judge Paul A. Engelmayer has adjourned the conference multiple times since March in response to a joint letter by both parties. Also, the US DOJ prosecutors requested more time to review a large amount of new evidence before them. This also enabled the defense to review voluminous discovery and prepare their defense in the lawsuit.

The case hasn’t even reached a major point yet, as the ample evidence will be revealed before the public in the court during the conference hearing. However, the federal court asked parties to file pretrial motions by July 1, 2025, and the jury trial is rescheduled for February 17, 2026.

The Terra Luna Classic community awaits whether a new prosecutor in the case to bring more allegations or changes in charges. The conference hearing before the upcoming pretrial motions schedule will be crucial for LUNC, USTC, and LUNA. Some believe Kwon could get pardoned by US President Donald Trump, as per prediction markets Kalshi and Polymarket.

The community is also in discussion to reactivate a market module that was disabled during the 2022 Terra-Luna Crisis. Developers Vegas and StrathCole have submitted a proposal to reactivate the market module, claimed to prevent depletion of the oracle pool.

LUNC price climbed 1.7% in the last 24 hours, with the price currently trading at $0.00005624. The 24-hour low and high were $0.00005515 and $0.00005635, respectively. However, trading volume has dropped by 40% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Green Minerals and Panther Metals Make First Bitcoin Purchase

Green Minerals and Panther Metals have added Bitcoin to their corporate treasuries, marking a new era for both companies in the mining and minerals industry. Notably, both companies announced plans to adopt a Bitcoin treasury strategy earlier this week.

Norway deep-sea mining firm Green Minerals on Wednesday completed its first BTC purchase to kickstart its Bitcoin treasury strategy. The company purchased 4 BTC worth 4.25 million Norwegian Kroner (USD $420.3k). The company has set an ambitious target to buy Bitcoin worth $1.2 billion.

This comes as UK-based Panther Metals acquired 1 BTC worth $5.4 million on Tuesday. The company plans an initial purchase of 4 million British pounds in Bitcoin to hold in its corporate treasury as an investment hedge. Also, the company will use its Bitcoin treasury to finance the purchase of the Pick Lake deposit, a constituent of the Winston Project in Ontario, Canada.

“Panther Metals is executing on a bold and innovative strategy to position ourselves as a true hedge between traditional fiat money markets and the rapidly evolving digital currency space,” said chief executive officer of Darren Hazelwood.

Meanwhile, Green Minerals adopted Bitcoin treasury strategy as part of its overall blockchain strategy. The company sees Bitcoin treasury strategy to support its project plans related to supply chain transparency, mineral origin certification and operational efficiency.

“This strategic move reinforces Green Minerals’ position not only as a leader in sustainable mineral extraction but also as an innovator in financial and technological practices,” said Green Minerals.

Green Minerals AS stock price has jumped 11% today and over 130% since announcing Bitcoin treasury strategy. Whereas, Panther Metals PLC stock price has rallied more than 47%, as per Yahoo Finance.

BTC price is currently trading at $106,712. The 24-hour low and high are $104,740 and $106,826, respectively. However, the trading volume has decreased by 30% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Metaplanet Secures 10% of $5.4B Capital to Buy Bitcoin: CEO Simon Gerovich

Metaplanet, known as Asia’s MicroStrategy, on Wednesday said it has raised 74.9 billion JPY (USD $0.51 billion) in equity capital. The company plans to raise 770.9 billion Yen ($5.4 billion) by issuing 555 million shares to buy 210,000 Bitcoin by 2027.

Metaplanet Issues 54 Million Shares to Buy More Bitcoin

Japan-based Metaplanet secured 74.9 billion JPY (USD $0.51 billion) in equity capital through the issuance of 54 million shares via the exercise of the 20th series of stock acquisition rights. The company reports that the capital was raised on the first day of the ‘555 Million Plan.’

CEO Simon Gerovich took to X to reach out to the wider community about the latest fund raised to buy more Bitcoin. He revealed the company has completed 10% of the 555 Million Plan to raise $5.4 billion.

*74.9 Billion JPY In Equity Capital Raised On First Day of ‘555 Million Plan’ Through the Issuance of 54 Million Shares via the Exercise of the 20th Series of Stock Acquisition Rights* pic.twitter.com/qlmvDzA0jW

— Metaplanet Inc. (@Metaplanet_JP) June 25, 2025

Moreover, Metaplanet announced early redemption and full repayment of the 16th, 17th, and 18th series of ordinary bonds. The company issued USD 281,000,000 in total bonds to the EVO FUND. The redemption funds were obtained from the proceeds of stock acquisition rights exercised by EVO FUND.

In early June, the company announced the Accelerated 2025-2027 Bitcoin Plan to issue 555 million shares and raise $5.4 billion. The company plans to hold 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by the end of 2027.

Currently, Metaplanet holds 11,111 BTC in total, achieving a BTC yield of 306.7% YTD. It is among the top 10 holders of Bitcoin. The company ranks 8th among the top Bitcoin treasury companies.

Metaplanet Stock and Bitcoin Price Performance

Metaplanet Inc (3350.T) stock price further dropped more than 4% to 1,458 yen amid profit booking on Wednesday. The 52-week low and high are 59 and 1,930 yen, respectively. As per Yahoo Finance, the stock price has rallied over 69% in a month and nearly 297% YTD.

Bitcoin price continues to rebound slightly from the earlier crypto market crash, with the price currently trading at $106,200. The 24-hour low and high are $104,740 and $106,826, respectively.

At the time of writing, Coinglass data showed a jump in total futures open interest by 1.20% in an hour and 1.78% in the last 4 hours to $70.67 billion. This happened as uncertainty in the markets faded due to a ceasefire between Israel and Iran.

Also Read: Anthony Pompliano’s Firm Buys 3724 Bitcoin Following $1B Merger Deal

The largest corporate holder of Ethereum, SharpLink Gaming, on Tuesday said it has acquired an additional 12,207 ETH and raised over $27 million to buy more ETH. With the latest purchase, the total Ethereum holdings of the company have reached 188,478 ETH.

SharpLink Gaming Buys 12,207 ETH

SharpLink Gaming disclosed an additional 12,207 ETH for $30,674,829 at an average price of $2,513 per ETH between June 16-20, as per a press release on June 24.

In addition, SharpLink Gaming also raised $27.7 million by selling 2,547,180 shares of the company’s common stock. The company claimed to use the proceeds from these sales to further boost its ETH treasury holdings.

Increasing SharpLink’s ETH holdings underscores our forward-thinking approach to creating long-term value for our stockholders, said Joseph Lubin, chairman of the board of SharpLink. He added “This move reflects our confidence in Ethereum’s utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders, alike.”

Today, SharpLink announces that our ETH holdings have further increased to 188,478, which were acquired at an average price of $2,513 per ETH. https://t.co/7kENpBWM41 pic.twitter.com/reFHxplxA9

— SharpLink Gaming (@SharpLinkGaming) June 24, 2025

On June 16, SharpLink Gaming made its first acquisition of 176,271 ETH valued at $462.9 million. The company confirmed the move reflects its decision to adopt ETH as its primary reserve asset.

The company has generated 120 ETH rewards since launching its ETH-focused treasury strategy on June 2. SharpLink has achieved ETH per share growth of 18.97% until now.

SBET stock price has jumped 10% to $10.10 on Tuesday, as per Yahoo Finance. Experts believe the company stock may rise similarly to other companies that added crypto to their corporate treasury.

Ethereum Price Jumps

ETH price jumped more than 7% in the past 24 hours, with the price currently trading at $2,437. The 24-hour low and high are $2,191 and $2,446, respectively. Furthermore, the trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.

As The Crypto Times reported, whales and institutions including Joseph Lubin’s ConsenSys have continued their ETH buying spree. A wallet likely linked to ConsenSys purchased another 3,704 ETH worth $8.91 million today.

Also Read: Ethereum Dev Proposes New EIP to Cut Block Timing 50% to 6 Seconds

Joseph Lubin’s blockchain technology company ConsenSys is likely on a heavy ETH accumulation spree. A wallet linked to the company purchased another 3,704 ETH through Galaxy Digital, an on-chain data platform reported on Tuesday. Will heavy accumulation trigger Ethereum price rally to $3,000?

ConsenSys Bought ETH Worth $422 Million

Lookonchain in an X post on June 24 revealed a whale or institution probably linked to ConsenSys purchased another 3,704 ETH worth $8.91 million. The trade was conducted again through Galaxy Digital over-the-counter (OTC) trading desk.

Notably, the wallet 0xCd9…F5F75 purchased a total of 161,112 ETH through Galaxy Digital OTC in the past 3 weeks, which is valued at almost $422 million. Arkham Intelligence showed that the wallet made frequent transfer to 0x0b2…83E57 wallet, which primarily holds Liquid Staked ETH (LsETH) over $187 million. However, the wallets’ link to ConsenSys remain vague.

As The Crypto Times reported recently, ConsenSys purchased 108,278 ETH for a value of about $320 million from the digital assets firm Galaxy Digital. 

Whale Alert reported ETH accumulation by many whales in the last 48 hours as the price dipped near the 2,200 level. A whale moved 28,000 ETH worth $67 million from Binance to an unknown wallet. This indicates that whales or institutions are positioning for long-term holding.

🚨 🚨 🚨 28,000 #ETH (67,202,703 USD) transferred from #Binance to unknown wallethttps://t.co/lrA41LP3bi

— Whale Alert (@whale_alert) June 23, 2025

Will Ethereum Price Hit $3,000 Amid Huge Accumulation?

ETH price jumped more than 7% in the past 24 hours, with the price currently trading at $2,419. The 24-hour low and high are $2,191 and $2,446, respectively. Furthermore, the trading volume has increased by 10% in the last 24 hours, indicating a slight rise in interest among traders.

In the daily timeframe, Ethereum price is currently moving strongly but still below the 50-SMA. It needs to reclaim above the $2,500 for picking upside momentum. The RSI has rebounded to 46 signals, providing support for further upside in ETH price.

Moreover, exponential moving average (EMA) indicates possible consolidation or the price may seem stuck between $2,500-$2,750 range this month. Ethereum price may rally in July after the formation of a “golden cross,” pushing traders to buy ETH.

Analyst Michael van de Poppe pointed out that ETH is acting strongly in the recent turmoil in the markets. He predicted a reclaim of 0.023 in the ETH/BTC chart will bring a strong upwards momentum.

Also Read: Ethereum (ETH) Price Pumps 15% After Trump’s Ceasefire: Local Bottom In?

In the major XRP news today, Ripple and XRPL co-founder Arthur Britto ended nearly 14 years of silence with a cryptic post on X containing a single emoji. The post sparked speculations in the XRP community, as Ripple and XRP Ledger near a major paradigm shift. Is a big move coming related to XRP price, Ripple, or the SEC lawsuit?

XRP News: Ripple CTO Confirms It Is Arthur Britto

Ripple CTO David Schwartz responded to an X post by Arthur Britto and confirmed the return of Arthur Britto on the social media platform. He said, “I can confirm this was not a hack or compromise. Notably, Britto had joined the social media platform in August 2011 but had never posted until this date, despite a huge number of followers.”

He added further speculation in the XRP community by saying, “How deep does this conspiracy go?” The XRP community is actively anticipating positive news due to uncertainty in the global markets.

I can confirm this was not a hack or compromise.

— David 'JoelKatz' Schwartz (@JoelKatz) June 23, 2025

The cryptic post by Arthur Britto sparked intense speculation in the XRP community due to his historical anonymity. As per Crunchbase, he has founded Ripple and PolySign, a fintech company that previously owned Standard Custody & Trust. It is important to know that Polysign was founded by Britto and Ripple CTO Schwartz.

In addition, Arthur Britto collaborated with David Schwartz and Ripple co-founder Jed MacCaleb to develop XRP Ledger (XRPL) in 2011. Also, he likely served as an advisor at Ripple until 2019.

His presence with numerous projects and decisions related to Ripple has led to intense speculation in the XRP community.

XRP Price to Reach $10,000 Claim

Arthur Britto has never directly confirmed a $10,000 price prediction for XRP. However, reports have widely spread this rumor due to his status as Ripple and XRPL co-founder.

XRP price jumped 9% in the past 24 hours, with the price currently trading at $2.20. The 24-hour low and high are $1.97 and $2.21, respectively. Furthermore, the trading volume has decreased by 2% in the last 24 hours, indicating a potential buying by whales or large traders.

CoinGlass data shows that total XRP futures open interest also jumped more than 7% in the last 24 hours. At the time of writing, the total XRP futures OI was up more than 3% to $3.81 in the last 4 hours.

Also Read: XRP Price Surges 6% to $2.15 After Trump’s Ceasefire Post